Questions and Answers
What is the first step to ensure financial accuracy during the cash out process?
What is the purpose of the Z Report in the reconciliation process?
How much cash should be set aside as a float for the next day's transactions?
Which of the following details must be entered into the digital reconciliation form?
Signup and view all the answers
What is the final step in securing excess cash after reconciliation?
Signup and view all the answers
How should the excess cash be calculated before making a deposit?
Signup and view all the answers
What is a key security practice when handling cash deposits?
Signup and view all the answers
What should be done before escalating technical issues with the till system?
Signup and view all the answers
What must be done after counting the total cash in the till?
Signup and view all the answers
Which step follows the generation of the Z Report in the cash out process?
Signup and view all the answers
What information is crucial to include when packaging the excess cash for deposit?
Signup and view all the answers
What is the role of the tablet in the cash out and reconciliation process?
Signup and view all the answers
What should be done if there are technical issues with the till system during reconciliation?
Signup and view all the answers
Which of the following best describes the significance of the final checks and balances in the reconciliation process?
Signup and view all the answers
What is a crucial action to prevent discrepancies in the financial total for the day?
Signup and view all the answers
What should be included in the envelope for cash deposits?
Signup and view all the answers
Which of the following steps is part of preparing for reconciliation?
Signup and view all the answers
What is the primary purpose of accessing the Z Report during the reconciliation process?
Signup and view all the answers
What is a key feature of the drop-safe used for deposits?
Signup and view all the answers
Which aspect is critical when preparing the Supervisor Tag for use?
Signup and view all the answers
What should be done before using the technical support contact details?
Signup and view all the answers
Study Notes
Cash Out and Reconciliation Process Overview
- Closing all tables ensures no open or training mode orders remain, preventing discrepancies in financial reporting.
- The supervisor tag is necessary for accessing advanced functionalities in the till system, essential for generating reports and executing reconciliation.
Generation of the Z Report
- Access reporting mode via the supervisor tag to log into the till system.
- Print the Z Report for a comprehensive summary, detailing all sales, cash, and card transactions for the day.
Cash Handling Procedures
- Count all cash in the till thoroughly, including both notes and coins.
- Set aside a £50 float for the next day's transactions, isolating it from the excess cash to be deposited.
- Calculate excess cash by subtracting the £50 float from the total cash count, preparing it for deposit.
Completion of the Reconciliation Form
- Access the digital Reconciliation Form using a tablet.
- Input data such as net sales, cash in drawer, card totals, and redeemed vouchers accurately to ensure financial records reflect daily operations.
Deposit Preparation and Security
- Package the excess cash in a pre-labeled envelope, including the date and total amount for tracking.
- Deposit the envelope into the restaurant's drop-safe for secure storage without needing to access the main safe.
Important Contacts and Emergency Procedures
- Maintain contact information for technical support, including DOJO Support and Davis EPOS support, for quick resolution of any operational issues.
- Consult with the on-duty manager before escalating technical problems to ensure swift handling.
Review and Oversight
- Conduct final checks of the closing procedures to maintain financial accuracy and integrity within the restaurant’s records.
Cash Out and Reconciliation Process Overview
- Closing all tables ensures no open or training mode orders remain, preventing discrepancies in financial reporting.
- The supervisor tag is necessary for accessing advanced functionalities in the till system, essential for generating reports and executing reconciliation.
Generation of the Z Report
- Access reporting mode via the supervisor tag to log into the till system.
- Print the Z Report for a comprehensive summary, detailing all sales, cash, and card transactions for the day.
Cash Handling Procedures
- Count all cash in the till thoroughly, including both notes and coins.
- Set aside a £50 float for the next day's transactions, isolating it from the excess cash to be deposited.
- Calculate excess cash by subtracting the £50 float from the total cash count, preparing it for deposit.
Completion of the Reconciliation Form
- Access the digital Reconciliation Form using a tablet.
- Input data such as net sales, cash in drawer, card totals, and redeemed vouchers accurately to ensure financial records reflect daily operations.
Deposit Preparation and Security
- Package the excess cash in a pre-labeled envelope, including the date and total amount for tracking.
- Deposit the envelope into the restaurant's drop-safe for secure storage without needing to access the main safe.
Important Contacts and Emergency Procedures
- Maintain contact information for technical support, including DOJO Support and Davis EPOS support, for quick resolution of any operational issues.
- Consult with the on-duty manager before escalating technical problems to ensure swift handling.
Review and Oversight
- Conduct final checks of the closing procedures to maintain financial accuracy and integrity within the restaurant’s records.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz covers key procedures in cash handling and reconciliation within a till system. It includes steps for generating Z Reports, counting cash, and completing reconciliation forms. Understanding these processes is crucial for accurate financial reporting and cash management.
